Portugal
Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations, with a high quality of life and a very high Human Development Index ranking. It is among the oldest nations in Europe with a rich history, lively culture, exceptional cuisine, stunning beaches, and idyllic countryside.
Country Information
Portugal is the westernmost European country. With its rich history, it stands among the oldest countries in Europe and is considered one of the world’s most globalized and peaceful nations. Portugal is considered very safe and has a low crime rate.
Portugal has produced streamlined legislation to create an efficient process by which non-EU citizens may obtain a residence permit based on investment. The legislation offers three qualifying routes of committing funds to obtain residence status under the Portugal Golden Residence Permit Program, which must be maintained for a minimum period of five years. After five years as a resident, the applicant is eligible to apply for Portuguese citizenship.
Currency:
Euro
Population:
10.3 million
Languages:
Portuguese, with English widely spoken
Economy:
Business-oriented services and manufacturing-based
Portugal Program Benefits
EU Residency
Entire Family are Eligible
Spouses, dependent children and parents.
Visa-free Travel
EU Permanent Residency & Citizenship
Low Minimum Stay Requirements
7 days during the 1st yr & 14 days during each subsequent 2yrs of residence.
Attractive Tax Regime
Beneficial tax regime for non-habitual residents (NHR).
Option to Let Your Property
Secure your EU residency with potential returns on your investments.
High Standard of Schooling
Access to many prestigious universities at lower EU tuition fees.
Visa-free travel to 26 European states
Portugal Residence by Investment Program offers visa-free access within Shenghen Zone — get visa-free access to 26 EU states, including Switzerland, Luxemburg, Italy and Germany. Go on a last-minute business trip or take your family on a spontaneous holiday in Europe — open up Europe with NoorCo Consultancy.
Portugal Investment Options
Investments under the Portuguese Golden Residence Permit Program must be maintained for a minimum of 5 years from the date the residence permit is granted. Become a permanent resident of Portugal by choosing one of the following three qualifying investments:
Property Acquisition From €280,000
- €500,000 – purchase residential or commercial real estate.
(€400,000 – reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density areas). - €350,000 – purchase residential or commercial real estate over 30 years old requiring renovation. (€280,000 – reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)
- €500,000 – purchase residential or commercial real estate.
Creation of 10 Jobs or Business Investment
- Create a minimum of 10 new jobs оr
- Invest a minimum of €500,000 in business and create a minimum of 5 permanent jobs.
Capital Transfer From €1,500,000
Applicants are required to make a capital investment into a Portuguese bank account or specifically approved investment options.
Portuguese Residency Acquisition Process
NoorCo Agents focus is to provide a hassle-free and seamless service assisting you with a residency application. We will hand-hold you through every step of the EU residency acquisition process with due diligence and care, ensuring that your application is submitted correctly and followed up to application approval.
Talk to NoorCo Advisors
Our advisors will evaluate your personal circumstances and help you select the most suitable program and real estate option.
Prepare Documents
A detailed checklist will be provided, and you will be guided through the documents collection stage. Experienced immigration advisors will prepare all the required documents along with the residency application and will conduct a final check of each document for compliance to ensure all requirements are met, including, proof of investment documentation.
Complete the investment
The purchase of real estate in Portugal, investment in a Portuguese business, or capital transfer to the Bank of Portugal. NoorCo Experts will provide you with the best investment options available that meet your requirements.
Book a biometrics appointment
We will book an appointment for you and your family to submit biometrics in Portugal.
Submit Residency application
The complete application along with all supporting documents will be submitted to the SEF, the body that processes Golden Residence Permit applications along with documentary evidence of the real estate acquisition or of the investment.
Receive Residence Permit
Once the application is reviewed you will be granted the residence permit, valid for 1 year, extendable for 2 years each time, provided you meet the 7 days per year requirement, with the right to settle in Portugal and travel throughout the Schengen Area. After the fifth year, you can apply for permanent residency followed by citizenship.
Book a Free Consultation with NoorCo Trusted Adviser
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